Reply To: Traders Market Weekly: Powell Testifies


Goldman Sachs slashed its oil price forecasts by nearly 10 per cent to account for increasing global supply and softening demand for the world’s most traded commodity.

The broker reduced its Brent forecasts for December to $US86 a barrel, down from its previous projection of $US95 a barrel. Futures fell towards $US74 a barrel on Monday, extending last week’s 1.8 per cent decline.